Allari Naresh, who played Mahesh Babu's friend in 'Maharshi', has got a new project on hand. It will be directed by a debutant and produced by 'Shatamanam Bhavati' fame director Satish Vegesna.

The concept-based movie will be helmed by Vijay Kanakamedala, a protege of 'Gaddalakonda Ganesh' director Harish Shankar.

"The project will go on the floors later this year. The story is very good. Vegesna, who is doing 'Entha Manchivaadavuraa' currently, comes with hands-on experience as a co-producer of 'Okka Kshnanam' and 'Mosagallaku Mosaadadu'," say the makers. He has launched SV2 Entertainment for producing the Naresh movie. Naresh's immediate next release is a comedy caper titled 'Bangaru Bullodu'.